COLUMBUS, Ohio–(BUSINESS WIRE)–Installed Building Products an industry-leading installer of insulation and complementary building products, announced today the acquisition of Alpine Construction Services. Founded in 2015, Alpine is headquartered in Colorado Springs and primarily provides fiberglass and spray foam insulation installation services to residential and multifamily customers.
“With approximately $9.4 million of annual revenue, Alpine is a fast-growing installer that expands our residential and multifamily insulation installation services to the compelling Colorado Springs market,” stated Jeff Edwards, Chairman and Chief Executive Officer. “To date in 2021, we have acquired approximately $65 million of annual revenues. Acquisitions remain a key component of our growth strategy and we continue to have a robust pipeline of acquisition opportunities across multiple geographies, products, and end markets. On behalf of everyone at Installed Building Products, I would like to welcome Alpine Construction onto our team.”
About Installed Building Products
Installed Building Products, Inc. is one of the nation’s largest new residential insulation installers and is a diversified installer of complementary building products, including waterproofing, fire-stopping, fireproofing, garage doors, rain gutters, window blinds, shower doors, closet shelving and mirrors and other products for residential and commercial builders located in the continental United States. The Company manages all aspects of the installation process for its customers, from direct purchase and receipt of materials from national manufacturers to its timely supply of materials to job sites and quality installation. The Company offers its portfolio of services for new and existing single-family and multi-family residential and commercial building projects from its national network of over 190 branch locations.
Contacts
Investor Relations:
614-221-9944
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